Financing development through better domestic resource mobilization

22 Dec 2015 by Gail Hurley, specialist on Development Finance and Nergis Gülasan, specialist on Strategic Policy

women in VanuatuSevere extreme weather events in Small Island Developing States can result in heavy relief and reconstruction costs. Photo: UNDP in Vanuatu
Over the last 15 years, developing countries have increased domestic revenues by on average 14% annually. The domestic revenues of developing economies amounted to USD 7.7 trillion in 2012; that’s USD 6 trillion more than in 2000. Domestic resources are the largest, most important and most stable source of finance for development. Can we expect these resources to keep on increasing in the coming years and mobilise them for development? … Read more

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